Big Data: Where the Opportunities Are!

I am often asked which industries offer the best potential for application of a Big Data solution and I have always said that Banking and Financial Services, Insurance, Telecom, Media/Information Services and Manufacturing offer the best promise to begin with. And I have based my judgement not only on the potential impact of a Big Data solution on the top and bottom-line numbers but also on “relative” ease with which Big Data can be used for reducing costs or improving productivity.

I am often asked which industries offer the best potential for application of a Big Data solution and I have always said that Banking and Financial Services, Insurance, Telecom, Media/Information Services and Manufacturing offer the best promise to begin with. And I have based my judgement not only on the potential impact of a Big Data solution on the top and bottom-line numbers but also on “relative” ease with which Big Data can be used for reducing costs or improving productivity.

My thinking on this subject was validated recently when I came across following excellent visualization on opportunities for Big Data across several industries prepared by Brett Sheppard based on Gartner Intelligence. According to Brett, this visualization is based on “Gartner’s comparison of eleven industries across seven dimensions using data from Gartner forecasts, market statistics and input from dozens of vertical industry experts.”

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